Association summer meeting. Thank you all for coming. Certainly hope you enjoyed your time here in salt lake. Governor herbert, again issue express my profound appropriation to bought and you first lady for the warmth of your hosting, for the choir, for donnie and marie, tonight, every step of the way, please give the good governor the first lady a round of applause. [applause] were honored to have everybody here and thank you. Welcome to utah, this has been a great event so far. I appreciate the little gift i just got from my good friend, governor of montana. Its a monocle. It allowed me to see the fine print when i sign legislation. [laughter] for the last year ive had the dink honor and privilege of sending on behalf of americas 55 governors of our states and territories. Couldnt be more pleased witch the work we have done together. Governors all across the country on the frontlines and their states each and every day, theyre serving constituents, coming up up with Real Solutions, u
First lady for the choir, for donnie and marie, tonight, every step of the way, please give the good governor and the first lady a round of applause. [applause] gov. Herbert were honored to have everybody here and thank you. Welcome to utah, this has been a great event so far. I appreciate the little gift i just got from my good friend, governor of montana. Its a monocle. It allows me to see the fine print when i sign legislation. [laughter] for the last year, ive had the distinct honor and privilege of representing americas 55 governors of our states and territories. Couldnt be more pleased witch the work we have done together. Governors all across the country are on the frontlines and their states each and every day. Theyre serving constituents, coming up with Real Solutions. Unfortunately for us, fortunately for us, we have support from the National Governor association along that way as well. Nga staff has been especially helpful to me throughout my tenure as governor of montana. I
I would have this distinguished committee should let us take up the dream act. If the committee a chance to keep the american dream. Badges, law enforcement, faith based groups and others all support the dream act. Cato institute, supporting the dreamers would cost 60 billion. Dreamerson of the would cost much more than that. Hopes toers with their make the future better for the next generation. That is the american value. These dreamers make america more american. They embody the best of our nation. Patriotism, hard work and preserverance. A partisan ort be political issue. I was telling the president when i met with him recently at the ourday party many of republican colleagues said how supported they would be of the dream act but many of your spouses told me that as well. There is a spirit of family in all this. Addressmany issues to with immigration in our country. Congress has a duty and application obligation to protect these dreamers. Honored toes i am be joined by a distinguish
81 of citizens went citizenship for the dreamers. Faithbased groups and the Community Business all support the dream act. ,he center for progress supporting Daca Recipients would cost taxpayers 60 billion. The center for American Progress found deportations, a staggering 460 billion over the next decade. The courage, determination, and optimism of the dreamers makes america stronger and more prosperous everyday. The dreamers, with their hopes, dreams, aspirations, and dreams of their families to make a future better for the next generation, that is an american value. In committing to that, the dreamers make america more american. They embody the best of our nation patriotism, hard work, perseverance. Toy should not leave celebrate the holidays in fear, washing their protection expire in fear, watching their protection expire. Not a person or political issue. I was telling the president when we met with him recently at his. Oliday party i thought it was a christmas party. It was called
We try not to opine on whether theyre correct or theyre not correct. But on, as you asked what the potential spillovers or impacts on Financial Stability could be of asset price revaluations, my assessment of that is that as asset prices have moved up, we have not seen a substantial increase in borrowing based on those asset price movements. We have a Financial System, a Banking System thats well capitalized and strong, and i believe its resilient. Okay. Thank you. Time of the gentle lady has expired. The chair now recognizes the gentleman from missouri, mr mr. Lucamire, chairman of the subcommittee. Thank you, mr. Chairman and thank you, madam chair, for being here today. As chairman of the Financial Institutions subcommittee, my concern is the oversight by the various Financial Services agencies. Chair yellen, when it comes to the feds supervisory role, i renew my call and the call of so many colleagues that the fed take a more measured approach and withhold any new regulation until